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Energy transitioning: why bother with uncertainty and why does risk tolerance really matter?

Accepted version
Peer-reviewed

Type

Article

Change log

Authors

Abstract

The target article “Risk analysis, uncertainty and innovation: what does this mean for the Dutch energy transition?” sets out some broad factors (e.g. uncertainty, risk tolerance) that should inform public policy making on energy transition, and in particular the Dutch Ministry for Economic Affairs and Climate Policy. This commentary further clarifies and expands on them by answering: 1) Why is the concept of uncertainty of value in risk analysis? 2) What benefit is there to integrating risk tolerance in risk management and policy decisions?

Description

Keywords

38 Economics, 4407 Policy and Administration, 44 Human Society, 7 Affordable and Clean Energy

Journal Title

Journal of Risk Research

Conference Name

Journal ISSN

1366-9877
1466-4461

Volume Title

Publisher

Informa UK Limited